Only A Game

Listen Live

Next

On Being

On Being with Krista Tippett takes up the big questions with scientists and theologians, artists and teachers -- some you know and others you'll love to meet. Each week a new discovery about the immensity of our lives.

“Anybody looking at this and saying we should be satisfied is wrong,” he said. “This is a first step.”

The commonwealth’s lack of a substantial Rainy Day fund has played into recent credit downgrades by rating agencies, which can make it more expensive for the state to borrow money.

Wolf and Treasurer Joe Torsella said they aren’t sure if this move alone will sway the agencies.

But Torsella noted, he’s pretty sure it’s not insignificant.

“I think it represents, it will represent to them real progress,” he said.

Torsella also offered another piece of positive financial news. After years of taking out loans from the Treasury to cover short-term expenses early in the fiscal year, he’s projecting the state’s coffers will stay in the black.